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Neste Is Maintaining A Sensible Course

Aug. 01, 2022 5:07 PM ETNeste Oyj (NTOIF), NTOIYDOGEF, DNNGY, MPC11 Comments
Gulzhan Musaeva profile picture
Gulzhan Musaeva


  • High energy prices bumped up margins for both renewables and oil products.
  • Renewables production capacity will be getting another major boost.
  • The stock is, if not cheap, a lot cheaper than it used to be.

A lake in the shape of an airplane in the middle of untouched nature - a concept illustrating the ecology of air transport, travel and ecotourism. 3d rendering.

Petmal/iStock via Getty Images

Finnish renewable products company Neste Oyj (OTCPK:NTOIF, OTCPK:NTOIY) can be fairly considered the poster company for realizing the pan-European endeavor to become greener and more energy independent. These twin challenges have never been more critical. (One

This article was written by

Gulzhan Musaeva profile picture
Analyst. I cover overlooked companies in two areas: (1) green investing opportunities globally; and (2) growth stocks at reasonable prices across emerging markets.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (11)

Michael Dolen profile picture
@Gulzhan Musaeva Thank you for this update on $NTOIF and the shout out to my past article.
Gulzhan Musaeva profile picture
@Michael Dolen Thank you for stopping by. Yours was a very thoughtful article.
Veritas1010 profile picture
Excellently managed company. Have held two times previously and did exceptionally well here.

My only problem is the Finnish foreign withholdings tax of 40%, (it had been 35% when I was invested), and as an “unsponsored ADR” the bank fees used to be another 15% off your dividends, ($NTOIY).

I understand that you can claim a refund from Finland’s internal taxation agency, I have seen the website and it permits “clawbacks” for so many years. While the site was available in English, it is like all governmental tax sites very daunting. Without some help I must admit embarrassingly that I never tried. In my own defense however it looked like it would have eaten many, many, many days of my efforts.

Then with so much of one’s dividends eaten by taxes, ADR fees, (and now also compounded by the horrific Euro to USD exchange rate) leaving half your money behind just doesn’t make a whole of sense for an investor like myself that would rather buy, hold, and collect rather than trade.

But, in the past there was exceptional growth with this fine and intelligently managed company and certainly could be again.
Michael Dolen profile picture
@Veritas1010 I was not aware the withholding is now 40%?! That is crazy. Earlier this year I bought 1,500 shares of $NTOIF and 1,500 of $NTOIY. Yes, I know 2 NTOIY = 1 NTOIF. Up about 35% on these overall and it was intended as a buy and forget, but given this 40% news, I may need to consider.

Related to German tax withholdings, which are brutal too, if you go look at the comments in the most recent article by Brad Thomas on $ALIZY, you will see some back and forth I had with someone very knowledgeable on that taxation. Turns out that since the divs are technically recoverable, we end up paying taxes on them, even though in reality, we are not going to recover any rebates from Germany or in this case, Finland. That makes the 40% even worse.
"Turns out that since the divs are technically recoverable, we end up paying taxes on them, even though in reality, we are not going to recover any rebates from Germany"

But those taxes can be added to taxes already paid on your 1040 and can be recovered that way?
Michael Dolen profile picture
@ding dong I'm not talking about the foreign tax credit, which applies to a portion. Rather, if there is a portion of the dividend which is potentially "recoverable" then supposedly that portion is not included in the credit since in theory, you are supposed to be able to file for a rebate for it from the foreign govt.
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